251 N MeccaCortlandOH44410
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Cortland at 251 N Mecca, Cortland, OH, 44410 offers $1,004/mo rent that, after a $2,168/mo payment. Total monthly income is $1,004/mo. Return on cash invested measures 4.3% in year one, and rental yield stands at 2.72% at a $443,000 entry. Equity gained on principal adds $2,859/yr while 5% annual appreciation compounds into $122,393 by year five. Five-year ROI records 19.69% and total cumulative return in cash reaches $28,912. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,004/mo property income versus a $2,168/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1860
4.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44410, Cortland, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,604 (100%) |
| Owner Occupied HU | 5,689 (74.8%) |
| Renter Occupied HU | 1,374 (18.1%) |
| Vacant Housing Units | 541 ( 7.1%) |
| Median Home Value | $205,225 |
| Average Home Value | $216,773 |
Housing Distribution
Address Breakdown
Residential
7,744
Single Family
7,498
Multi-Family
246
Businesses
500
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